Cheap Homes for Rent in Greater Near North Neighborhood of Minneapolis, MN from $1,600 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the Greater Near North area of Minneapolis.

property at 748 N 3rd St

748 N 3rd St

MinneapolisMN55401

Greater Near North

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

Greater Near North, Minneapolis, MN Local Guide

Cheapest Neighborhoods for Apartments in Greater Near North, MN

Pricing Updated: 03/21/2025

Current apartment rentals in the Greater Near North, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Greater Near North Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

Cheapest Available Greater Near North Apartments for Rent

 

The cheapest available apartment rental in the Greater Near North area of Minneapolis, MN is a 1 Bed unit found at Aldrich Apartments | Near I-94 & Theodore priced from $850. The Cameron has the second lowest priced unit, which is a Studio apartment currently listed from $967. Here are the most affordable Greater Near North apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Aldrich Apartments | Near I-94 & Theodore1BR/1.0BA1BR,1BA$850
The CameronStudio - EStudio,1BA$967
Miro ApartmentsCedar 2Studio,1BA$1,035

Best Value Apartments for Rent in Greater Near North, MN

As of March 21, 2025 the best value apartment in the Greater Near North area is the $1.94 price per square foot 512 Penthouse (S) Model at Phoenix North Loop in the in the Greater Central neighborhood starting from $2,749. The second greatest value Greater Near North apartment is the Two Bedroom Model at Peregrine starting at $1,995 with a $1.98 price per square foot in the Greater Near North neighborhood. Here is today’s list of the best values for Greater Near North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Phoenix North Loop512 Penthouse (S)2BR,2.5BA$1.94
PeregrineTwo Bedroom2BR,2BA$1.98
415 23rd Ave N, Unit 4415 23rd Ave N2BR,1BA$1.76
2120 Sheridan Ave N2120 Sheridan Ave N2BR,1BA$1.99
Aldrich Apartments | Near I-94 & Theodore1BR/1.0BA1BR,1BA$1.13
SatoriBasalt1BR,1BA$2.01
Junction FlatsMetro I1BR,1BA$2.35
The PalmerD1BR,1BA$2.47
Broadway FlatsStudio CStudio ,1BA$1.80
Miro ApartmentsLyndale 21BR,1BA$2.36

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Frequently Asked Questions about Greater Near North

What type of rentals are currently available in Greater Near North?

There are currently 141 Apartments for Rent in Greater Near North, MN with pricing that ranges from $871 to $12,164. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Near North ranging from $1,695 to $2,995.

What is the current price range for Rental Homes in Greater Near North?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Greater Near North ranges from $1,695 to $2,995 with an average monthly rent of $2,302.

How much are larger Three and Four Bedroom Rentals in Greater Near North?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Greater Near North range from $1,399 to $12,164, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $2,787.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.